Rental Property
First Property
My first Apartment is located in the southern part of Denmark in the city of Korsør. It´s close to Odense the third largest city in Denmark (27 min by train) I took over the apartment in 2017. The apartment is 110 m2 and has 4 rooms.
Purchase numbers
Price: 70.995 EUR (€)
Down payment: 14.437€
Registration fee government, deed: 651€
Banking fees: 243€
Lawyer: 334€
Total price for buying the apartment: 15.665€
Cash flow monthly
Rental income: 1.004€
Mortgage payments: 266€
Result: 738€
Income Monthly
Cash flow: 738€
Expenses, property taxes: 363€
Result: 375€
Debt (1.1.2019)
Mortgage: 48.171,55€
Second Property
My second apartment is also located in the southern part of Denmark in the city of Næstved. It´s the fifteenth largest city in Denmark. A friend and I took over the apartment in start 2019. The apartment is 92 m2 and has 3 rooms. My calculation is my share of the apartment (50%)
Purchase numbers
Price: 65.637 EUR (€)
Down payment: 16.409€
Registration fee government, deed: 504€
Banking fees: 0€ (put in as a higher interest rate the first year)
Lawyer: 300€
Total price for buying the apartment: 17.213€
Cash flow monthly
Rental income: 371€
Mortgage payments: 136€
Result: 235€
Income Monthly
Cash flow: 235€
Expenses, property taxes: 35€
Result: 200€
Debt (1.1.2019)
Mortgage: 49.462€